AUD/USD - Heading Lower
AUD/USD remains weak, confirming an underlying bearish trend. Monitor the supports at 0.8567 and 0.8541. Hourly resistances stand at 0.8620 (intraday high) and 0.8661 (intraday low).
In the long-term, the break of the strong support at 0.8660 (24/01/2014 low) confirms the underlying long-term bearish trend and opens the way for further weakness. Supports can be found at 0.8316 (01/07/2010 low) and 0.8067 (25/05/2010 low). A key resistance stands at 0.8911 (29/10/2014 high).